At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, watching direct business develop. August live cattle closed $1.92 higher at $121.75 and October live cattle closed $1.37 higher at $127.17. August feeder cattle closed $.67 higher at $158.82 and September feeder cattle closed $.62 higher at $161.62.
A light to moderate direct cash cattle trade took place on Tuesday. Deals in the South were at $119 to $120 live, fully steady with last week’s business.
